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Financial Planning / Tax Strategies


Subject:  Re: Gross Proceeds (1099-B) help Date:  2/14/2013  12:50 AM
Author:  nml Number:  117760 of 127616


Don't panic. You should file an amended return, but it won't change your refund.

Many, many thanks... made me feel much better.

Duke did a 1:3 reverse stock split before merging with Progress.

Now that you point that out, I have a vague recollection of knowing that...

Wait for the IRS to process your return and refund. Your carry over loss will offset any possible gain. File an amended return after your refund has been processed.

Sounds like a reasonable plan... I will certainly wait a bit, then decide if it's better to go ahead and file an amended return or just proceed as suggested by Phil suggested below...

Make a note on your copy of your 2012 return to reduce your carryover by $55 (the proceeds in question) when you put it on your 2013 Schedule D. Don't bother with an amended return.

Again, thanks for the rapid response... hopefully I won't make such foolish mistakes in the future...


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